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306 Alvarado Pl, Newport Beach, CA, 92661

3beds
2baths
1,033sqft
$2,745,000
$2,657price/sqft
$16,884/moest. monthly cost
$675,360/yrincome needed

About This Home

Located in a prime setting on the prestigious Balboa Peninsula, this beautifully custom beach home was completely remodeled in 2019 with new plumbing, electrical, windows, and HVAC. Light, bright, and full of charm, the home offers an inviting coastal aesthetic with a relaxed beachside vibe. Just down the street from the bay and only a few blocks from the sand, surf, the Balboa Fun Zone, and the iconic Balboa Pier, the location provides the ultimate coastal lifestyle—perfect as a weekend retreat or full-time residence. The extended front porch captures views of the bay and refreshing ocean breezes, creating the perfect setting to relax or entertain. Glass front doors open to a welcoming living room with vaulted ceilings, a cozy fireplace, and beautiful whitewashed flooring throughout. The chef’s kitchen features polished limestone waterfall-edge countertops, generous storage, and high-end appliances including a Wolf range and Sub-Zero refrigerator. Just off the kitchen is a convenient laundry and butler’s pantry area. The primary suite offers a walk-in closet and a beautifully designed bathroom, while the secondary bedrooms are generously sized. The main bath is thoughtfully finished with stylish tile and quality fixtures. A well-designed floor plan maximizes space while maintaining an airy, open feel throughout. The private backyard is ideal for entertaining, featuring a newer spa, built-in barbecue, outdoor refrigerator, and a fully enclosed outdoor shower. Additional highlights include a remote-controlled awning and retractable gate. Don’t miss this exceptional opportunity to own a piece of the California coastal dream in one of the most sought-after communities in Newport Beach.

Getting Around

70
WalkingVery Walkable
24
TransitMinimal Transit
72
BikeVery Bikeable

Schools

8/10
9/10

Construction

Condition

  • Property condition: Turnkey
  • Year built: 1912

Materials

  • Foundation: Raised
  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Free-Standing Range,Disposal,Gas Range,Refrigerator
  • Laundry features: Laundry Room,Stacked

Bathroom

  • Features: Bathroom Exhaust Fan,Remodeled,Separate Shower,Upgraded

Bedroom

  • Features: All Bedrooms Down

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • 3/4 bathrooms: 2
  • Main level bathrooms: 2
  • Main level bedrooms: 3

Features

  • Beamed Ceilings,Breakfast Bar,Furnished,Living Room Deck Attached,Open Floorplan,Stone Counters,Recessed Lighting,All Bedrooms Down,Main Level Primary,Primary Suite,Walk-In Closet(s)
  • Window features: Blinds,Double Pane Windows,Plantation Shutters
  • Flooring: Laminate
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,033 sqft

Kitchen

  • Features: Butler's Pantry,Kitchen/Family Room Combo,Stone Counters,Remodeled,Updated Kitchen

Master Bedroom

  • Features: Main Level Primary

Master Bedroom

  • Features: Primary Suite

Other

  • Features: Walk-In Closet(s)

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 04810226
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: Front Deck
  • Pool features: None
  • Patio & porch: Concrete,Covered,Deck,Front Porch,Patio
  • Exterior features: Awning(s),Barbecue
  • Has spa: Yes
  • Spa features: Above Ground
  • Has view: Yes
  • View description: Bay
  • Has water view: Yes
  • Water view: Bay
  • Waterfront features: Across the Road from Lake/Ocean,Ocean Access

Lot

  • Lot size: 1,742 sqft
  • Features: Street Level

Parking

  • Parking features: On Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Coastal Flooding
Earthquake
Inland Flooding
Heat Wave

FEMA Declared Disasters in Orange County and California

Earthquake
Flood
Mud Landslide
Severe Storm
Snowstorm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $13,880$166,560
Home Insurance *$182$2,184
Property Taxes $2,424$29,088
Electricity $398$4,786
Total$16,884$202,608
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$578,880/yr
40% on housing$506,520/yr
45% on housing$450,240/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$2,657This listing

vs Other Active Listings

Avg $/sqft

ZIP 92661$2,374
Orange County$768

vs Homes Sold Last Month

Median $/sqft

ZIP 92661$2,780
Orange County$707

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-08Price change$2,845,000
2026-03-06Listed for sale$2,895,000
2024-10-07Sold$2,660,000
2024-10-01Pending sale$2,699,900
2024-09-17Contingent$2,699,900
2024-09-04Price change$2,699,900
2024-06-19Listed for sale$2,849,900
2020-03-20Listing removed$5,950
2020-02-14Listed for rent$5,950
2019-11-04Listing removed$5,950
2019-10-12Price change$5,950
2019-10-03Price change$6,250
2019-09-20Price change$6,950
2019-09-10Listed for rent$7,200
2019-09-05Sold$1,700,000
2019-07-08Pending sale$1,750,000
2019-06-14Listed for sale$1,750,000
2015-07-15Sold$1,100,000

For Sale by Agent

AgentCasey Brookman
BrokerageKott & Company, Inc.

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